OREANDA-NEWS. On 19 March 2009 was announced, that Sumy NPO Frunze < SMASH UZ UR >, one of the world leading producers of equipment for oil, gas and chemical industry, ended 2008 with net loss amount UAH 162.3mn. This information contains in announcement to AGM is going to be held on April 28. Despite the 1.5 times sales growth to UAH 2bn (preliminary dates) in 2008, the UAH significant devaluation in 4Q2008 led to the total negative result of the year.

Millennium Capital still believes SMASH stock as one of the best one Ukrainian market because of strong demand on Company’s products which is reflected by 50% y/y increase of 2009 order book.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.